Tuesday, October 30, 2007

Biofuel from StoraEnso, Neste oil and UPM

I wrote this story to HULIQ several months ago [torstai, maaliskuu 22, 2007].

Biofuel from Neste Oil, Stora Enso and United Paper Mills

Big Finnish forestry companies are releasing plans about biofuel production. Neste Oil and Stora Enso are planning to develop Biofuel production in cooperation.

The second largest Finnish forestry giant, United Paper Mills, is going to make own technical and business solutions. UPM is looking for partners to take care of the distribution of biofuel diesel.

They will do it with Andritz [comment 30 October 2007].

UPM is continuing the R&D activity and building up its organisation. No tight schedules have been set. The first announcement about getting into the field of biofuel was released in October 2006. The investments in R&D have been increased from 50 million euros to 80 million euros.

The company is stating that money isn’t a problem when biodiesel proves to become profitable. UPM is ready to increase its efforts in this area.

Helge V. Keitel
Skype: visualradio

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